The Appraisal Firm knows the special needs of estate executors
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and respectfully as possible. You can count on us to act quickly and with as much empathy to the feelings of everyone in bereavement.
Attorneys and accountants rely on our ethics when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. We cater to their needs and are acclimated to working with all parties involved. We produce appraisal reports that meet the necessities of the legal system and various groups.
Contact us immediately to discuss your specific estate appraisal essentials and how we can put our business acumen to work for you.
Settling an estate usually requires an appraisal to show fair market value for the estate therein. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Because of this, now and then there will be times that the date of an appraisal deviates from the date of your loss. The Appraisal Firm assures that our appraisers are comfortable with the procedures and requirements needed by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, guaranteeing the fullest degree of discretion for you and your loved ones.
Many people do not understand that the IRS needs reports filed to explain the numbers involved in estate sales.
One of the most essential requirements in an appraisal is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. Such a report will clearly demonstrate to the authorities that the numbers used are well-founded and correct.
Having a professional appraisal report from The Appraisal Firm gives the executor irrefutable facts and figures to work with in going beyond IRS and CA state agency requirements. There's no need to have anything but peace of mind when getting a report from us, because we will support it no matter what.
Opinions of value used in documents provided to the revenue authorities absolutely should be supported by a comprehensive report as to how the appraiser came to his conclusions.